Major technology companies are buying like crazy! Broadcom CEO: The AI spending frenzy will continue until 2030.

The CEO of Broadcom also stated that the company's clients are developing a three to five-year investment plan for AI infrastructure, progressing very rapidly. By 2027, Broadcom's clients will deploy up to 1 million chips in AI Chip clusters, and Broadcom's AI Chips could bring the company hundreds of billions of dollars in annual revenue growth.

wallstreetcn27minutes ago

Broadcom To Go Ex-Dividend On December 23rd, 2024 With 0.59 USD Dividend Per Share

Moomoo News20:00 ET

The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.

U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.

wallstreetcn18:26 ET

Broadcom Director You Sells 6,540 Common Shares

TipRanks18:20 ET

Broadcom Options Spot-On: On December 19th, 530.85K Contracts Were Traded, With 2.81 Million Open Interest

Moomoo News16:30 ET

EXCLUSIVE: Nvidia, Broadcom Tipped To Dominate AI Compute Wave By Kurv CEO

Benzinga13:24 ET